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Hamilton Insurance Group Ltd

Hamilton Insurance Group Ltd

HG
$34.85USD↓-0.14%-0.05 today

MARKET CAP

3.4B

P/E (TTM)

6.3x

FWD P/E

—

DAY RANGE

$34 – $37

52W RANGE

$23
$37

AI Summary

Stalk
Buy NowMedium

The asset is in a Stage 2 markup with structural uptrend intact, supported by a series of higher highs and lows and rising EMAs. Price has pulled back to the 20-day EMA support zone, offering a lower-risk entry opportunity aligned with medium-term bullish bias. Macro trend remains bullish across horizons, supported by healthy FCF yield and attractive valuation. A close below the 20-day EMA would risk deeper retracements, but current support holds, favoring buy-on-dip execution.

  • ↑Gross premiums written up 17% YoY to $1.4B in Q2 2026.
  • ↑Net income $144M ($1.42/share) reflects disciplined underwriting.
  • ↓Pricing pressure in property lines could constrain revenue expansion.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Hamilton Insurance Group, Ltd. (NYSE: HG) operates as a specialty insurance and reinsurance company, focusing on diversified specialty lines through its platforms, including Hamilton Global Specialty and Hamilton Re. The company is poised strategically amid ongoing changes in the insurance landscape, particularly in casualty and specialty insurance, aiming to leverage its underwriting expertise while managing market volatility. Hamilton’s recent strong performance reflects its ability to adapt to emerging opportunities, particularly noted in sectors such as Marine, Hull, and Cargo insurance, amidst an evolving market landscape.

Bull says

  • ↑Gross premiums written up 17% YoY to $1.4B in Q2 2026.
  • ↑Net income $144M ($1.42/share) reflects disciplined underwriting.
  • ↑Share repurchases of $22M this quarter and $42M YTD support returns.
  • ↑Combined ratio guiding low-mid 90s demonstrates underwriting discipline.
  • ↑Hamilton Select grew 18%, driven by excess casualty pricing.
  • ↑High earnings yield, strong profitability and momentum factors bolster upside.

Bear says

  • ↓Pricing pressure in property lines could constrain revenue expansion.
  • ↓Q2 catastrophe losses of $50M raised loss ratio to 61.7%.
  • ↓Net income declined from $187M to $144M YoY amid rising losses.
  • ↓Negative liquidity and size factors hinder financial flexibility.
  • ↓Low revisions score signals tepid analyst sentiment.
  • ↓Negative 13F ownership underscores hedge fund skepticism.

Investment themes with HG

P&C Insurance↑ +0.45%

GWRE · MBI · HCI

Earnings Call · Q4 2024 · Mgmt. Guidance

Updated 02-23-2026neutral

Transcript signals

Bull points

  • Hamilton completed an outstanding first full year as a public company. Our financial results were excellent for both of our reporting segments, International and Bermuda, and both segments continued to grow thoughtfully and profitably.
  • As a group, we had growth premiums written of over 2.4 billion, an increase of 24% over 2023. Our combined ratio was an impressive 91.3% resulting in nearly $150 million of underwriting income, again in a year with significant insured loss activity.
  • One of the reasons for this underwriting result is the diversification of our business. For the full year 2024, Hamilton's business was split 45% casualty, 30% specialty, and 25% property.

Bear points

  • $120 million to $150 million
  • The group combined ratio was 95.4% compared to 90.2% in the fourth quarter of 2023.
  • In the fourth quarter, the loss ratio increased 6.8 points to 60.1% compared to 53.3% in the prior period.
Read full transcript analysis ›